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Gold Surges Past $4,130 in Strongest Weekly Rally Since April
The precious metal is currently trading north of $4,130 per ounce as intensifying Middle East hostilities prompt investors to seek refuge in traditional safe-haven assets, despite sustained strength in the US dollar and elevated Treasury yields. Gold futures advanced 1.5% to reach $4,137 during Wednesday’s session. This followed a substantial 2% surge in the prior trading day, marking the strongest weekly performance for the yellow metal in more than 90 days. Ongoing hostilities near critical maritime chokepoints, particularly the Strait of Hormuz and Red Sea corridors, continue to rattle energy markets. In a ... (full story)
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From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran. Thank you for your attention to this matter! President DONALD J. TRUMP
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From fxpro.news | 1 hr 42 min ago
The US dollar staged a four-day growth against the backdrop of air strikes on Iran. Rumours of a temporary ceasefire have not been confirmed, pushing Brent to near $93 per barrel and fuelling inflation fears. The odds of two Fed rate hikes in 2026 are estimated at 50/50, supporting the USD. This makes the gold rally all the more surprising, as a strong ...
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- Jul 22, 9:19am | 2 hr 29 min ago Posted byFundamental Analysis991
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